Posts: 7
Registered: ‎08-25-2007

How many cards is enough when rebuilding? and more...

My current scores are:  552, 516, 530.  Ofcourse, my TU on truecredit is 626 (too bad it's a FAKO!)  I have an Orchard Bank Card and I'm keeping my utilization at 5% and also a US Bank card keeping the same utilization.  Should I apply for anything else?  (Not sure I could get anything else...)
Also, I was behind on my house payment, but I paid that up over the weekend so how soon should I expect before that is reported on my CR?
I've been disputing online, but now on some I can't do anymore online, can I keep disputing via US mail or fax?
New Visitor
Posts: 2
Registered: ‎09-25-2007

Re: How many cards is enough when rebuilding? and more...

[ Edited ]
How long have you had your Orchard Bank card? Depending on how long you've had your Orchard Bank card, I think you would be fine just having the 2 cards.  Build a little longer payment history with the Orchard card and let the benefits of that card work for you.
You should continue to make timely payments and pay the balances in full. Also, let your score increase a little more. Let your score reach the mid 600's before you apply for another card.
There is no sense (in my opinion) to have 2 cards with very low limits, such as $250 or $500, unless your in dire need of the money.

Message Edited by Savvy81 on 09-25-2007 06:35 AM

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+